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1412 Knob Creek Road, Johnson City, TN 37604

Johnson City
Local realty services provided by:CENTURY 21 Legacy
1412 Knob Creek Road,Johnson City, TN 37604
$1,460,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: jay goodson
Office: remax checkmate, inc. realtors
MLS#:9990357
Source:TNVA_MLS

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Price summary

  • Price:$1,460,000

About this home

Passive income or owner operator! This portfolio consists of 8 units of multifamily being rented out at $1250 per month, two bed, one bath, in newly renovated units, as well as adjacent Commercial building with new roof and renovated exterior. Proforma NOI with Commercial space at $10/NNN will be $164,936. The Old Norris Bicycle building, and adjacent quadplexes are being sold together ONLY! This is your opportunity to diversity your investments with a commercial piece, or put your business into a 4748 sq ft Commercial space all your own, and keep the apartments as rentals. Subdividing of apartments from new condos is underway, and will put the 8 units on approximately one acre of their own land, more or less, with large back yard area. Massive renovations have taken place, and apartments are being re-filled at this time, so see agent for newest and latest rent roll as apartments are completed. Gross income is based on only half of the units filled, as the final 4...

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Home facts

  • Year built:1965
  • Listing ID #:9990357
  • Added:257 day(s) ago
  • Updated:October 05, 2026 at 07:08 AM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Kitchen Description:Kitchen/Dining Combo

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1965
  • Construction Materials:Brick, Vinyl Siding
  • Foundation Description:Block

Schools

  • High school:Science Hill
  • Middle school:Liberty Bell
  • Elementary school:Woodland Elementary

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,460,000

Features and amenities

  • Amenities:Double Pane Windows, Restored

Parking

  • Parking description:Asphalt Driveway

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